Sammaan Capital Limited has announced its financial results for the fourth quarter and financial year ended March 2026, while marking a major strategic milestone after officially becoming part of Abu Dhabi-based IHC Group.
The company stated that IHC has committed a total investment of USD 1 billion, equivalent to around Rs 8,850 crore, making it one of the largest foreign direct investments in India’s financial services sector. The first tranche of Rs 5,652 crore has already been received through equity issuance and upfront warrant subscription, resulting in a 28.5 per cent stake for IHC. The remaining Rs 3,198 crore is expected over the next 18 months through warrant conversion, which will increase IHC’s stake to 43.5 per cent.
Sammaan Capital Limited stated that the investment forms part of the larger USD 5 billion UAE–India investment package announced during the bilateral summit between Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Following the investment, IHC has become the promoter of the company, with Alwyn Crasta, Group CFO of IHC, joining the board of Sammaan Capital Limited.
The company highlighted that domestic rating agencies including CRISIL, CARE, and ICRA upgraded its long-term credit rating to AA+/Stable within 50 days of the investment announcement, reflecting improved capitalisation, stronger governance, and enhanced group backing.
As part of its future roadmap, Sammaan Capital Limited plans to significantly expand its product portfolio from four products to more than 12 offerings, including personal loans and gold loans during FY27. The company also identified 37 AI-focused use cases aimed at improving customer acquisition, credit assessment, productivity, and operational efficiency.
For FY27, the company has set a target of achieving Assets Under Management (AUM) of over Rs 70,000 crore and annual disbursals of more than Rs 30,000 crore. By FY30, it aims to scale AUM beyond Rs 1,90,000 crore and expand its branch network to nearly 1,600 locations.
On the financial front, consolidated AUM stood at Rs 53,160 crore as of March 2026. The company reported a Capital Adequacy Ratio of 20.3 per cent and a Liquidity Coverage Ratio of 139 per cent, remaining significantly above regulatory requirements.
Commenting on the development, H.E. Dalia Khorshid, Chief Executive Officer, Avalora Holding, said, “At the core of our vision for Sammaan is a management team that has navigated adversity with conviction, made tough decisions, and emerged stronger, more cohesive, and sharply focused, forming a powerful foundation for the future.”
She added, “AI and technology are actively enhancing credit, customer experience, and productivity. Rating upgrades reflect stronger backing and governance, while Sammaan combines MNC scale with a startup mindset.”
Gagan Banga, Managing Director and CEO, Sammaan Capital Limited, said, “Sammaan Capital has entered a defining new chapter. With IHC Group as our Promoter, we are no longer just a well-capitalized lender; we are an institution built for scale.”
He further added, “Our growth story will now be accelerated by the rapid adoption of technology and AI, using them as the cornerstone of our customer acquisition strategy across multiple product offerings, making us a full-suite NBFC underpinned by robust governance and risk management.”
Sammaan Capital Limited currently operates through a network of more than 200 branches and over 8,000 channel partners across India.
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